After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that SGH Reports First Quarter Fiscal 2024 Financial Results.
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Stocks Info
The company is listed on the NASDAQ and operates within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $22.62 and fluctuated between $23.29 as its day high and $21.75 as its day low. The current market capitalization of SMART Global Holdings Inc is $1.17B. A total of 3.21 million shares were traded on the day, compared to an average of 811.16K shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SGH has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,800 and the disposition of 2,519 shares. Over the last 12 months, there were 25 BUYs and 41 SELLs from insiders. Insiders purchased 619,763 shares during that period but sold 481,417.
In the most recent transaction, Pacheco Jack A sold 7,500 shares of SGH for 20.90 per share on Jan 10. After the transaction, the EVP, COO, Pres, Mem Solutions now owns 224,062 company shares. In a previous transaction on Nov 06, Clark Joseph Gates sold 2,519 shares at 15.00 per share. SGH shares that President, LED Solutions owns now total 100,938.
Among the insiders who bought shares, Rizvi Ken acquired of 1,800 shares on Oct 23 at a per-share price of $13.57. This resulted in the SVP and CFO holding 165,883 shares of SGH after the transaction. In another insider transaction, Pacheco Jack A sold 2,500 shares at $23.37 per share on Sep 20. Company shares held by the EVP, COO, Pres, Mem Solutions now total 202,375.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SGH in the last 3 months, the mean price target is $26.80 with high estimates of $35.00 and low estimates of $24.00. In terms of 52-week highs and lows, SGH has a high of $29.99 and a low of $12.66.
As of this writing, SGH has an earnings estimate of $0.25 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.26 per share and a lower estimate of $0.25. The company reported an EPS of $0.35 in the last quarter, which was -22.20% lower than expectations of $0.45.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SGH is Buy with a score of 4.83.
